Navellier & Associates Inc. Raises Holdings in Ternium S.A. (NYSE:TX)

Navellier & Associates Inc. boosted its stake in shares of Ternium S.A. (NYSE:TXGet Rating) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,558 shares of the basic materials company’s stock after purchasing an additional 1,286 shares during the quarter. Ternium makes up 1.0% of Navellier & Associates Inc.’s investment portfolio, making the stock its 26th biggest holding. Navellier & Associates Inc. owned approximately 0.08% of Ternium worth $6,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in TX. Avondale Wealth Management purchased a new position in shares of Ternium in the 4th quarter valued at about $28,000. BNP Paribas Arbitrage SA purchased a new position in shares of Ternium in the 3rd quarter valued at about $38,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Ternium in the 4th quarter valued at about $39,000. Caxton Associates LP purchased a new position in shares of Ternium in the 3rd quarter valued at about $200,000. Finally, Alphastar Capital Management LLC purchased a new position in shares of Ternium in the 4th quarter valued at about $203,000. Institutional investors and hedge funds own 12.28% of the company’s stock.

Ternium stock traded up $1.75 during mid-day trading on Thursday, reaching $44.53. 14,675 shares of the company were exchanged, compared to its average volume of 699,700. Ternium S.A. has a twelve month low of $32.46 and a twelve month high of $56.86. The firm’s 50-day simple moving average is $44.29 and its two-hundred day simple moving average is $42.55. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.86 and a current ratio of 3.20. The firm has a market cap of $8.93 billion, a PE ratio of 2.16 and a beta of 1.56.

Ternium (NYSE:TXGet Rating) last posted its quarterly earnings data on Tuesday, April 26th. The basic materials company reported $3.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $1.03. Ternium had a return on equity of 34.27% and a net margin of 23.32%. The company had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.25 billion. During the same period last year, the firm earned $3.07 EPS. As a group, equities research analysts anticipate that Ternium S.A. will post 11.17 EPS for the current year.

The firm also recently declared an annual dividend, which was paid on Monday, May 16th. Stockholders of record on Friday, May 6th were issued a $1.80 dividend. This is a boost from Ternium’s previous annual dividend of $0.80. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend was Thursday, May 5th. Ternium’s dividend payout ratio (DPR) is currently 8.84%.

A number of research analysts have recently commented on TX shares. StockNews.com started coverage on Ternium in a report on Thursday, March 31st. They issued a “strong-buy” rating on the stock. Zacks Investment Research raised Ternium from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 21st. Finally, Wolfe Research raised Ternium from an “underperform” rating to a “peer perform” rating and upped their target price for the company from $38.00 to $43.00 in a research report on Friday, March 11th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $57.60.

Ternium Profile (Get Rating)

Ternium SA manufactures, processes, and sells various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates through two segments, Steel and Mining. The Steel segment offers slabs, billets and round bars, hot rolled flat products, merchant bars, reinforcing bars, stirrups and rods, tin plate and galvanized products, tubes, beams, insulated panels, roofing and cladding, roof tiles, steel decks, pre-engineered metal building systems, and pig iron products; and sells energy.

Read More

Want to see what other hedge funds are holding TX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ternium S.A. (NYSE:TXGet Rating).

Institutional Ownership by Quarter for Ternium (NYSE:TX)

Receive News & Ratings for Ternium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ternium and related companies with MarketBeat.com's FREE daily email newsletter.